China Provides Loan of over 300 million USD for Road, Bridge and Irrigation System Construction

According to the Ministry of Economy and Finance, China has recently provided 302 million USD concession loans which will be used for the implementation of three projects: Construction of the National Road No124 and Thalaborivath-Tbeng Meanchey Mekong crossing bridge, Construction of National Road No76 from Sen Monorom-Ta Ang and Development of Vaiko Irrigation Phase I in Svay Rieng province, said the DPM Keat Chhon during the signing ceremony with Mr. Li Ruogu, President of the Export-Import Bank of China on 2 February. This loan is in Cambodia-China bilateral cooperation framework, accounting for 95 % of the total projects, 314.9 million USD.  (Rasmei Kam, 04 February 2012)